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Antero Midstream (AM) - 2025 Q1 - Quarterly Results
2025-04-30 21:26
Financial Performance - Antero Midstream reported a net income of $121 million, or $0.25 per diluted share, representing a 19% increase per share compared to the prior year quarter[4]. - Adjusted EBITDA for the first quarter of 2025 was $274 million, a 3% increase year-over-year[15]. - Free Cash Flow after dividends was $79 million, reflecting a 7% increase compared to the prior year quarter[15]. - Revenues for the first quarter were $291 million, with $229 million from the Gathering and Processing segment and $62 million from the Water Handling segment[9]. - Antero Midstream's net income for the three months ended March 31, 2025, was $120,737,000, an increase of 16.1% compared to $103,926,000 for the same period in 2024[36]. - Total revenue for the three months ended March 31, 2025, was $291,129,000, up from $279,051,000 in the same period of 2024, representing a growth of 4.0%[36]. - Operating income for the three months ended March 31, 2025, was $177.223 million, up from $170.401 million in the same period of 2024[41]. - Cash flows provided by operating activities for the three months ended March 31, 2025, were $198.942 million, compared to $210.561 million in the same period of 2024[43]. - Total operating expenses for the three months ended March 31, 2025, were $113.906 million, compared to $58.345 million in the same period of 2024[41]. - The company incurred interest expense of $48.410 million for the three months ended March 31, 2025[41]. - Cash paid for interest during the period was $65.272 million for the three months ended March 31, 2025[43]. - Dividends to common stockholders increased to $112.615 million for the three months ended March 31, 2025, from $107.918 million in the same period of 2024[43]. Capital Expenditures and Investments - Capital expenditures increased by 25% year-over-year to $37 million, with $23 million allocated to gathering and compression and $12 million to water infrastructure[19]. - The company repurchased 1.7 million shares for $29 million, with approximately $443 million remaining under its $500 million share repurchase program[5]. - The company repurchased $28.569 million in common stock during the three months ended March 31, 2025[43]. - Net cash used in investing activities for the three months ended March 31, 2025, was $32.271 million, compared to $37.123 million in the same period of 2024[43]. Operational Metrics - Low pressure gathering volumes averaged 3,348 MMcf/d, a 1% increase from the prior year quarter, while high pressure gathering volumes increased by 5% to 3,106 MMcf/d[6]. - Fresh water delivery volumes averaged 105 MBbl/d, a 7% decrease compared to the prior year quarter[6]. - The company serviced 28 wells with fresh water delivery in the first quarter of 2025, an increase of 65% from 17 wells in the same period of 2024[38]. - The average compression fee increased by 5% to $0.22 per Mcf for the three months ended March 31, 2025[38]. - Gathering—high pressure volumes increased by 4% to 279,579 MMcf for the three months ended March 31, 2025[38]. Balance Sheet and Financial Position - Leverage ratio as of March 31, 2025, was 2.95x, indicating a strong balance sheet[4]. - Total current assets rose to $127,652,000 as of March 31, 2025, compared to $118,064,000 as of December 31, 2024[34]. - Long-term debt decreased slightly to $3,110,975,000 as of March 31, 2025, from $3,116,958,000 as of December 31, 2024[34]. - Antero Midstream's total assets were $5,752,118,000 as of March 31, 2025, compared to $5,761,748,000 as of December 31, 2024[34]. Future Outlook - The company anticipates continued growth in demand for its services due to Antero Resources' expected production increases[30].
Antero Midstream (AM) - 2025 Q1 - Quarterly Report
2025-04-30 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ANTERO MIDSTREAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...
Antero Midstream Announces First Quarter 2025 Financial and Operating Results
Prnewswire· 2025-04-30 20:15
DENVER, April 30, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced its first quarter 2025 financial and operating results.  The relevant unaudited condensed consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the three months ended March 31, 2025.First Quarter 2025 Highlights: Low pressure gathering and processing volumes increased by 1% and 3%, respectively, compared to the prior year quarte ...
Dassault Aviation: Signature of the Rafale Marine contract for India
GlobeNewswire· 2025-04-28 10:22
Signature of the Rafale Marine contract for India Saint-Cloud, France, April 28, 2025 – The Inter-Governmental Agreement between India and France has been signed today allowing the signature, in the presence of the Chairman and CEO of Dassault Aviation, Éric Trappier, of the contract for India's acquisition of 26 Rafale Marine to equip the Indian Navy. This contract follows the announcement in July 2023 of the selection of the Rafale Marine, for which the Indian Navy will be the first user outside France, a ...
Dassault Aviation: Terms of provision of the background documents for the GM
GlobeNewswire· 2025-04-22 16:51
Company Overview - Dassault Aviation has delivered over 10,000 military and civil aircraft, including 2,700 Falcons, in more than 90 countries over the last century, establishing a recognized expertise in aircraft design, production, sale, and support [6] - In 2024, Dassault Aviation reported revenues of €6.2 billion and employs nearly 14,600 individuals [6] General Meeting Details - The Combined General Meeting is scheduled for Friday, 16 May 2025, at 3 PM at the registered office located at 9, Rond-Point des Champs-Élysées - Marcel Dassault - Paris (75008) [1] - The meeting notice, including the agenda and resolutions from the Board of Directors, was published on 9 April 2025 in the French official legal announcement publication [2] - Shareholders can obtain documents related to the General Meeting from Société Générale Securities Services upon request, starting from 28 April 2025 [3] - Shareholders holding bearer shares must provide a certificate from their authorized intermediary to obtain the necessary documents [4] - The 2024 Annual Report is available for shareholders and can be consulted at the registered office within the statutory deadline [5]
The 50/50 Dividend Strategy: One Of My Favorite Ways To Build Wealth
Seeking Alpha· 2025-04-18 11:30
Core Insights - The article emphasizes the diversity of investment strategies employed by individuals, highlighting that these strategies are not influenced by personal characteristics such as skin color, religion, or place of birth [1]. Group 1 - The article promotes iREIT on Alpha as a resource for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, supported by 438 testimonials, most of which are five stars [1]. - The article mentions a free two-week trial for potential users, suggesting that there is no financial risk in trying the service [1].
Antero Midstream: 2025 Guidance Exceeded My Expectations
Seeking Alpha· 2025-04-17 11:42
Group 1 - The article promotes a free two-week trial for the investment group Distressed Value Investing, which offers exclusive research on various companies and investment opportunities [1] - The investment group focuses on value opportunities and distressed plays, particularly in the energy sector [2] - The author, Aaron Chow, has over 15 years of analytical experience and previously co-founded a mobile gaming company that was acquired by PENN Entertainment [2] Group 2 - The article emphasizes that past performance is not indicative of future results and does not provide specific investment recommendations [3] - It clarifies that the analysts contributing to the platform may not be licensed or certified by any regulatory body [3]
Antero Midstream Announces First Quarter 2025 Return of Capital and Earnings Release Date and Conference Call
Prnewswire· 2025-04-09 20:15
Core Points - Antero Midstream Corporation declared a cash dividend of $0.225 per share for Q1 2025, amounting to an annualized rate of $0.90 per share [2] - The dividend will be payable on May 7, 2025, to stockholders of record as of April 23, 2025, marking the 42nd consecutive quarterly dividend since its IPO in November 2014 [2] - The company repurchased approximately 1.7 million shares for about $28.6 million during Q1 2025, with $443 million remaining under its $500 million share repurchase program as of March 31, 2025 [2] - Antero Midstream plans to release its Q1 2025 earnings on April 30, 2025, after market close, followed by a conference call on May 1, 2025 [3] - The conference call will include a Q&A session for security analysts and will be accessible via telephone and webcast [3] - Antero Midstream operates midstream gathering, compression, processing, and fractionation assets in the Appalachian Basin, along with integrated water assets servicing Antero Resources Corporation [4]
Dividends Over Drama: Here's What Smart Money Is Buying
Seeking Alpha· 2025-04-08 11:30
Group 1 - The article promotes iREIT on Alpha as a source for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting its positive testimonials [1] - It mentions a free 2-week trial for potential users, emphasizing the lack of risk in trying the service [1] Group 2 - The article includes a disclosure from the analyst indicating a beneficial long position in AM shares, which may influence the analysis presented [2] - It clarifies that the opinions expressed are personal and not compensated by any company mentioned, ensuring transparency in the analysis [2] Group 3 - Seeking Alpha's disclosure states that past performance does not guarantee future results, indicating a cautionary note regarding investment suitability [3] - It emphasizes that the views expressed may not reflect those of Seeking Alpha as a whole, highlighting the independent nature of the analysts [3]
My Worst Week Ever - And The 4 Dividend Stocks I'm Buying Now
Seeking Alpha· 2025-04-07 11:30
Group 1 - The article discusses the current challenges faced by the investment community, indicating a downturn in market conditions [1] - The author expresses a personal experience of significant losses, highlighting the volatility and risks in the market [1] - There is a mention of a beneficial long position in various companies, suggesting a continued belief in certain stocks despite market difficulties [1] Group 2 - The article emphasizes the importance of thorough research and analysis in making investment decisions, particularly in the context of REITs and other income alternatives [1] - It notes that past performance is not indicative of future results, underscoring the unpredictable nature of investments [2] - The article clarifies that the views expressed may not represent the broader opinions of the platform, indicating a diversity of perspectives among analysts [2]